Whether you’ve taken up jet skiing as a new hobby or been at it for many years, you must consider your insurance needs. Many people don’t have coverage, or their policy doesn’t suit their needs, which puts them at risk of a financial hit if they get into an accident or their skis are damaged. A great independent agent will help you find the best jet ski insurance you can at the lowest rate possible.
By purchasing a good policy, you shouldn’t have to pay very much every month. Starting at around $100, you can be covered in a wide range of scenarios, including causing damage to other people’s property, getting severely injured, and breaking your jet skis in a storm or fire. Read on to learn more about the various policies and how you can access the best ones.
Should You Get Jet Ski Insurance?
Jet skis have become important leisure vehicles in Florida, with many people taking advantage of the excellent weather conditions and stunning beaches to try out this hobby. However, purchasing the equipment is expensive, so you’ll want to protect your assets. Insurance can allow you to do this, and it can also help you pay for any damages to other people’s property and medical bills resulting from an accident on your jet skis.
Insurance isn’t mandatory in Florida, but it’s always a good idea. Depending on your financial situation and how risk-averse you are, you can decide to get minimum coverage or to opt for a plan that protects you more completely. Let’s look at your options and go through some of the considerations that could help you decide.
What It Does
Before deciding to purchaseyou’ll want to know what damage it will cover. Several problems can occur with your jet skis. For example, you might get caught in a storm, and they could get destroyed. Alternatively, there could be another type of accident, or you could lose your skis in a fire.
When you insure your items, you won’t run the risk of paying for expensive repairs or even purchasing a new pair of skis. Instead, you can focus on resolving the issue without worrying about the finances.
Considerations that Can Help You Decide
Insurance for your jet skis is generally considered personal watercraft insurance, or PWC. In some states, this is mandatory, but in Florida, it is up to the owner to decide whether they would like their items insured. Thus, you can choose depending on your financial situation and how much risk you perceive.
Most people don’t have a large lump sum available and would be stuck if their skis got damaged. If this applies to your situation, getting insurance is vital because it can help keep your asset safe and allow you to continue your hobby after an incident. Those with a large emergency fund could opt for a cheaper plan with less coverage because they can absorb more of the cost without financial difficulty.
Your Expenses
Personal watercraft insurance isn’t costly, and depending on your plan, you won’t pay more than $100-200 per year. Considering the level of protection this offers you, it is a great deal for most people. Several factors determine the exact cost of your plan. The most important one is the deductible, which is how much you will pay out-of-pocket when an accident occurs.
The higher your deductible, the cheaper your insurance. If you believe you are unlikely to get into an accident, you could opt for a plan with a very high deductible, allowing you to be covered without paying a hefty annual fee.
Plans You Can Get
There are many different types of coverage, and they all offer unique protection. The most basic will include liability insurance, and it might pay for the damage to your vehicle. However, you can opt for a more advanced plan that protects you from various issues. For example, you could get covered for emergency services or any medical bills resulting from a jet ski accident.
Moreover, many insurance providers also offer protection against damage done by uninsured vehicles. Thus, if you have a collision with another jet ski that is not insured, you won’t be liable to pay for any repairs or replacements. Before signing up, you should also check whether your insurance will cover the current cost of your vehicle or the cost of replacing it with a new one, which is often significantly higher.
Where Can I Find Insurance?
Jet ski insurance is necessary for most people, and you should consider it even if you have enough money to pay for a replacement pair of jet skis. There might be additional costs if you’re in an accident. You might have to pay for other people’s property you have damaged, or you could be facing high medical bills due to an injury you’ve incurred.
There are several places you can go to find insurance, but it’s usually best to work with an agency that can find the best plan for you. They can help you compare the various providers and consider all variables before deciding. What’s more, they can help you review your current coverage to make sure you’ve made the best choice possible, and they can suggest cheaper or more comprehensive alternatives.
Why an Independent Agency?
We are an independent agency, meaning we are not tied to a big corporation. This can be a great advantage because such a firm will not push you toward an expensive policy. Instead, they have access to all the different companies and can work together with you to find the best plan. That way, you’ll be paying only for what you need and receiving great coverage at a very reasonable rate.
Reviewing Your Current Coverage
Another significant benefit of working with someone like Darryl Stidham is their years of insurance industry experience. When you see them and explain your current insurance, they can let you know whether you’re covered optimally or whether any gaps could put you at risk. Moreover, they’ll also help you find out what other plans are available so you can switch to a similar policy at a cheaper rate.
Gain Peace of Mind
Getting jet ski insurance is a good idea for almost everyone because it can protect you in various scenarios. That way, you can participate in your favorite leisure activity without worrying about the financial implications of an incident. Because so many different types of policies are currently available, you’re sure to find the one that fits your lifestyle.
Contact us today at iInsure to speak to Darryl Stidham and his team. We will look at the options available in your area and help you choose the one that offers the most value for the money spent.